The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
iShares MSCI Emerging Markets Indx ETF EEM 464287234   693 18,300 SH   SOLE   0 0 18,300
iShares MSCI Emerging Markets Indx ETF EEM Call 464287904   243 5,400 SH Call SOLE   0 0 5,400
iShares MSCI Emerging Markets Indx ETF EEM Put 464287954   26,456 696,200 SH Put SOLE   0 0 696,200
iShares MSCI EAFE ETF EFA 464287465   31,362 473,100 SH   SOLE   0 0 473,100
iShares MSCI EAFE ETF EFA Call 464287905   405 5,400 SH Call SOLE   0 0 5,400
iShares MSCI EAFE ETF EFA Put 464287955   30,972 476,500 SH Put SOLE   0 0 476,500
SPDR Gold Trust GLD 78463V107   3,599 22,200 SH   SOLE   0 0 22,200
SPDR Gold Trust GLD Put 78463V957   3,663 22,200 SH Put SOLE   0 0 22,200
ishares ETF - CORE MSCI EMKT IEMG 46434G103   25,731 551,700 SH   SOLE   0 0 551,700
IShares ETF-Rus2000 IWM 464287655   36,262 197,537 SH   SOLE   0 0 197,537
IShares ETF-Rus2000 IWM Put 464287955   262 1,500 SH Put SOLE   0 0 1,500
SPDR S&P 500 ETF TR SPY 78462F103   466,584 1,170,028 SH   SOLE   0 0 1,170,028
SPDR S&P 500 ETF TR SPY Call 78462F903   218,646 500,300 SH Call SOLE   0 0 500,300
SPDR S&P 500 ETF TR SPY Put 78462F953   886,645 2,351,100 SH Put SOLE   0 0 2,351,100
IShares ETF-20yr TLT 464287432   496 4,800 SH   SOLE   0 0 4,800
IShares ETF-20yr TLT Put 464287952   378 3,600 SH Put SOLE   0 0 3,600
SELECT SECTOR SPDR TR XLB 81369Y100   22,265 273,599 SH   SOLE   0 0 273,599
SELECT SECTOR SPDR TR XLC 81369Y852   59,602 1,200,681 SH   SOLE   0 0 1,200,681
SELECT SECTOR SPDR TR XLE 81369Y506   42,622 473,737 SH   SOLE   0 0 473,737
SELECT SECTOR SPDR TR XLF 81369Y605   96,007 2,684,397 SH   SOLE   0 0 2,684,397
SELECT SECTOR SPDR TR XLI 81369Y704   69,960 696,608 SH   SOLE   0 0 696,608
SELECT SECTOR SPDR TR XLK 81369Y803   215,049 1,631,631 SH   SOLE   0 0 1,631,631
SELECT SECTOR SPDR TR XLP 81369Y308   57,848 758,916 SH   SOLE   0 0 758,916
SELECT SECTOR SPDR TR XLRE 81369Y860   21,954 572,247 SH   SOLE   0 0 572,247
SELECT SECTOR SPDR TR XLU 81369Y886   24,868 353,245 SH   SOLE   0 0 353,245
SELECT SECTOR SPDR TR XLV 81369Y209   125,343 917,188 SH   SOLE   0 0 917,188
SELECT SECTOR SPDR TR XLY 81369Y407   85,468 598,221 SH   SOLE   0 0 598,221